Humboldt State University

Gift & Estate Planning

Retirement Planning

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Retirement Planning at [charity_name]

It’s really never too early – or too late – to do retirement planning.

Whatever your circumstances, be sure to consult professionals with expertise in areas such as:

  • investments
  • taxes
  • budgeting and cash management
  • various types of insurance
  • estate planning 
  • medical, social, and other services geared toward older persons

As you plan for retirement and what your cash flow will look like, you may want to consider ways you can support Humboldt State University that result in income for you during your retirement years.  Especially if you are precluded from making additional contributions to an IRA or a qualified retirement plan, a charitable life income plan can supplement existing arrangements.  Here are some of your choices: 

  • A charitable gift annuity makes favorably taxed lifetime payments to you (or to you and your spouse), plus you receive an upfront tax deduction.  If you’re still working, you can defer the start of the payments, whereas if you are retired, you’ll likely want the payments to begin immediately.  These deferred charitable gift annuities can be used to create a deferred charitable retirement account.
  • A charitable remainder trust is similar to a gift annuity in some respects but offers greater flexibility.  This can be very appealing if you would like a tax deduction and don’t need additional income now but would like to secure a source of payments in retirement.
  • Your personal residence – including a vacation home – can be deeded to HSU subject to a retained life estate, enabling you (or you and your spouse) to continue living there as long as you wish. 
  • If you are age 70-1/2 or older, you can make an IRA charitable rollover to Humboldt directly from your traditional IRA. Such a distribution will satisfy your annual minimum required distribution and permit a tax-free gift of up to $100,000 to Humboldt.  The IRA charitable rollover legislation was made permanent in December, 2015 so you can take advantage of this tax advantaged way of giving every year. Separately, drawing on assets in an IRA or a qualified retirement plan to make current gifts to Humboldt can sometimes make sense for anyone over age 59-1/2, although careful planning is required.

If you have any questions, please contact us:

Office of Gift Planning
(707) 826-5101
giving@humboldt.edu
Humboldt State University